A Viable Business Model Includes a Valuable Customer Value Proposition

question 38

Multiple Choice

A viable business model includes a valuable customer value proposition that

• A) is always partly deliberate/planned and partly emergent/reactive.
• B) is an essential component of pursuing the company's strategic intent.
• C) suggests the greater the value provided and the lower the price,the more attractive the value proposition.
• D) lays out the approach to satisfying buyer wants and needs at a premium price.
• E) must set forth management's long-term action plan for achieving market leadership.

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Definitions:

Tariffs

Taxes imposed by a government on goods and services imported from other countries, used to control trade balances, protect domestic industries, or generate revenue.

Consumption Patterns

Trends or habits in how consumers spend their money and utilize goods and services, often influenced by cultural, social, and economic factors.

International Trade

The exchange of goods and services across international borders or territories, often influenced by trade agreements, tariffs, and economic policy.

Consumption Possibilities

The different combinations of goods and services that a consumer can afford to purchase at given prices with their income level.